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Born at the Crest of the Empire

Sunday, November 23, 2008

Economic thought

How poorly does the Obama group think Bush is doing when they feel they have to step in from the sidelines to start outlining their economic policy just to stop the fall?

Of course, right now Bush appears to be more focused on the economic impacts on free trade than on the immediate crisis.
US President George W. Bush, bidding farewell to the international stage, on Saturday offered a sweeping defense of free trade, demanding the world resist protectionism during the financial turmoil.

(After giving up on the Colombia free trade deal, it appears Bush has settled on DOHA as his last goal.)

PS. APEC leaders "vowing" to stand pat on tariffs is empty. Everyone is frozen and waiting for Obama. (Maybe that's why Obama had to start talking now.)

And, politically interesting, Obama is now talking about leaving the Bush tax cuts for the wealthiest in place until they expire in 2011, because of the economic problems. (Probably a good idea.)

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